|Bid||0.00 x 0|
|Ask||225.40 x 0|
|Day's range||223.10 - 230.80|
|52-week range||150.00 - 249.40|
|Beta (5Y monthly)||0.77|
|PE ratio (TTM)||5.52|
|Forward dividend & yield||9.75 (4.22%)|
|1y target est||249.73|
Hindustan Petroleum Corp Ltd has pushed back the completion of a billion-dollar expansion at its southeastern Vizag refinery to at least October-November due to a labour shortage and the onset of monsoon, a company source said. Many workers have returned to their hometowns due to the nationwide lockdowns to curb the spread of coronavirus, while the onset of monsoon has made it difficult to carry out construction work, the source told Reuters. HPCL did not respond to a Reuters' request seeking comments.
Indian refiner Hindustan Petroleum Corp Ltd has issued a force majeure notice to Iraq's Oil Marketing Company (SOMO) to cancel two oil cargoes as local fuel demand is hit by a lockdown to stem spread of coronavirus, an industry source said. State-run HPCL was scheduled to lift these cargoes containing one million barrels each in the first half of April, this source said. No immediate comment was available from HPCL.